According to DataUSA's 2016 records, Atlanta's metropolitan area has nearly six million residents with a positive growth rate. The median household income was $62,613 and rising. The average property value was just shy of two hundred thousand and also rising. Over sixty percent of households are lived in by their owner and the average Atlanta resident has a thirty minute commute. Atlanta holds the headquarters of notable nationwide companies such as Coca-Cola, Home Depot, Delta Airlines, and Chick-Fil-A. Atlanta is a diverse metropolitan area. There is nearly half a million Spanish-first residents, as well as sizable populations of African-language speakers, Chinese speakers, and Korean speakers.
Atlanta is considerably large in terms of geography covering several counties. The three counties with the highest median household income are Forsyth County, Fayette County, and Cherokee County. In 2016, Forsyth County had a highest median income of $91,842. The largest industries by employment are retail trade, healthcare, professional services. 13% of the population lives below the poverty line.
Franchising Industry Growth
Earlier this year, CNBC's Kate Rogers published an article about the major growth possible in the franchise industry. In the article, Ms. Rogers cites "tax reform, deregulation, and upbeat economy" as reason for this years continuance of strong momentum in the franchise industry. The report cites expectations of an expansion by about 750,000 franchise establishments, growing numbers of employment, and nearly half a trillion in revenue.
In the article Robert Cresanti, IFA President and CEO stated, "franchises will thrive and continue to strengthen the American economy by providing jobs in every community, playing an important role in the lives of Americans, and supporting a variety of job creating industries, from manufacturing to agriculture." The IFA also projects that states in the west and the south will be the areas where franchising will grow the most.
Franchising in Atlanta
You've Got Maids is headquartered in Charleston, SC, has a concentration of locations in Florida (the original office being in Orlando), and no locations in Atlanta. Atlanta is such a large and economically powerful market that several You've Got Maids franchises could be developed. We're looking for rock star entrepreneurs who want to partner with our systems for success to build a solid business based on recurring clients. Many of our franchisees have little to no experience previously owning a business while some others are veterans of the industry. If you have interest in growing a business in the Atlanta area that has low entry costs and easy scalability, contact us by phone or by form (see link below), and one of our Advisors would be happy to speak with you and answer any questions you might have.